BBX 0.00% 24.0¢ bbx minerals limited

Ann: Change in substantial holding-BBX.AX, page-4

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  1. 5,575 Posts.
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    True I have seen many investors step over a dollar to pick up a dime when it comes to take overs, if drakes picks this up for $13mill it could go down as one of the greatest steals of all time.

    Going to be interesting 2 days, if people are really selling just to try to buy back 10%-15% cheaper they are pretty dumb, once drakes offer is over sampling comes back who do they expect to sell to them?? Drake has sucked up all loose supply and they won't sell.

    No hard core believer is suddenly going to turn around and sell for under 4.6 once the offer ends, as long as funding is done properly into solid hands it will be a tough ask getting back at 4.6, they might end up paying a 10%-15% premium next week.
 
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